NW Portland Freestanding
For Sale
Contact for pricing
35 NW 20th Pl., Portland, OR 97209
Centrally located building near Stadium Fred Meyer and Providence Park.
Property Size5,427 SF
Price / SF$175.05
Days on Market1061
Property Features for 35 NW 20th Pl.
General Information
Standard status
Active
Size
5,427 SF
Total Parking Spaces
10
Property subtype
Office, Special Purpose
Zoning
Central Commercial
Lease Type
NNN
Building Details
Year Built
1921
Year Renovated
2000
Buildings
1
Stories
1
Listing Agency:
Debbie Thomas Commercial Real Estate
Listed By:
Debbie Thomas · License #OR
Source:
Crexi
Added: Nov 11, 2023
Changed: Sep 24
Last Checked: Oct 7 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Debbie Thomas Commercial Real Estate
Investment Insights
Based on property information with market context.
Constructed in 1921, this freestanding building is situated in Northwest Portland, across from Stadium Fred Meyer and within walking distance of Providence Park. The property offers 5427 square feet of space and is suitable for retail, office, and other commercial uses.
Key Highlights
- Centrally located in NW Portland
- Free standing building
- Walking distance to Providence Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,251
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,020
$1.4M
Cap Rate 7%
$1,003,586
$1.0M
Cap Rate 9%
$780,567
$780.6K
Market Conditions
NOI Build-Up for 5,427 SF
Gross rent
$123.7K $22.80/SF
− Vacancy
−$30.1K −$5.54/SF
EGI
$93.7K $17.26/SF
− OpEx
−$23.4K −$4.31/SF
NOI
$70.3K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,020
Cap Rate 7%
$1,003,586
Cap Rate 9%
$780,567
Alternative Uses
Best Use
Office B
$1.00M
$878.1K – $1.17M
NOI $70,251 @ 7.0% cap · market cap 7.39%
Second Best
Retail
$903.6K
$790.7K – $1.05M
NOI $63,252 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,682 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Centrally located building near Stadium Fred Meyer and Providence Park.
Where is this retail property located?
The property is located at 35 NW 20th Pl. Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Centrally located in NW Portland; Free standing building; Walking distance to Providence Park
